Abstract

The South African trust's flexibility and adaptability have contributed to its popularity in recent times. One of the many guises in which this is evident is in the field of estate planning, where, for example, the trust is often created in order to protect the founder's assets by removing them from his personal estate or to decrease the founder's estate in order to minimise adverse tax implications. A further example is the fact that the trust is often used as a tool by means of which the founder can "control" his estate after his death.